Emerging Trends in the Power Management IC Market: Transparency Market Research

Albany, NY -- (SBWIRE) -- 08/26/2015 -- The global power management IC market is currently expected to hit $49 billion by 2019. Top categories in this market include a categorization according to the type of product and the product's applications.

Usage, Key Driving Factors and Restraints

Power management Integrated Chips find a wide range of uses across different sectors of the industry such as automotive, electronics, networking, and medical, to name a few.

The key driving factors for the power management IC market include advancements in technology and a rising requirement for battery-operated devices. Modern technology makes it possible to create a power management IC with an efficient usage of raw materials, reducing cost. Chips are becoming smaller due to the implementation of better technology, making the power management IC market an extremely suitable fit for growth through reduction in size and cost. With more and more consumers opting for battery-powered technology that stays operable for long hours on a single charge, the market might see a distinct boom in the near future.

The largest growth is experienced by the automobile and transportation market. The sector was the largest in 2012, and is expected to maintain the leading position till a forecast period of 2019. Going with the market sectors of product type, the integrated ASSP PMICs sector has held a leading position in market growth. This is mainly due to the large area of usage for the ICs in very specific functions.

Scope of the Global Power Management IC Market

Till 2012, Asia-Pacific was the largest share holder for the global power management IC market, with a holding of 45% of the total market share. The market is forecast to grow at a CAGR of 6.1% from 2013 to 2019.

The Asia-Pacific region has held the majority share in the market due to a growing internal demand, along with an increased of power management IC in the consumer electronics sector. The following regions that show a good scope of growth are North America and Rest of the World. North American growth of the power management IC market is a direct result of their incorporation into the growing automobile sector and an increase in the number of semiconductor industries based there.

Some of the key players include Texas Instruments, Toshiba, STMicroelectronics, Fairchild Semiconductor, Renesas Electronics, Semtech Corporation, Maxim Integrated, Dialog Semiconductor Plc, Linear Technology, Rohm Co. Limited, and International Rectifier. The market is a rather consolidated one, with primary names holding a majority of the market share. That leaves lesser room for minor global brands and regional brands to expand.

PMICs and Consumer Electronics

A large part of the growth of the power management IC market has been the responsibility of the consumer electronics market. There seems to be an ever-growing demand for electronic devices such as smartphones, laptops, and tablet PCs. Power management ICs are primarily used in this sector for energy generation and conservation concepts, thereby aiding its requirement by larger numbers. A growing concern over power wastage has resulted in the usage of power management ICs to help curb excessive power wastage. Other aspects of consumer electronics, especially wearable technology in the military and medical fields have caused a substantial rate of growth for this market.

In conclusion, the global power management IC market is growing at an optimistically steady rate, and will continue to do so provided that future research endeavors enable the technology to improve at a fast-enough rate. The automobile industry shows the PMIC market the greatest scope of growth and will continue to do so for a considerable period of time.

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